FL Technics to invest USD 25 million in company development

FL Technics, one of the leading aircraft maintenance, repair and overhaul (MRO) providers in Eastern Europe, will invest USD 25 million to expand its maintenance capacity, list of capabilities, product range, and improve service quality.

Comprehensive investment program was approved by FL Technics Board on the 4th of June 2010. The program, which includes construction of additional new hangars in Vilnius, expansion of capability list of base and line maintenance, Part M products, expansion of network of line stations, acquisition of needed equipment and training programs for company employees, will be implemented in the 2010-2015 period.

"This investment program will enable FL Technics to accelerate future growth, and to strengthen our position in the highly competitive MRO market", said Jonas Butautis, CEO of FL Technics.

"Our goal is to become a true one-stop-shop for most operators based within 1500-2000 km from Lithuania. To achieve this we are extending our capability list, adding new types of aircrafts serviced, and investing funds into improved efficiencies and quality control," explains J. Butautis.

This year FL Technics added Boeing 737 NG to its EASA Part 145, Part 147 and Part M activities and started preparations to add Airbus A320 and ATR 42/72 aircraft types. During 2011-2015 period the list of aircrafts serviced will be extended with CRJ 200, CRJ 900, Embraer 145, Embraer 175 and business jets Hawker 850 aircraft types.

The investment program also includes future development of spare part products and component supply services to any type of aircraft in the region.

FL Technics plans to construct new hangars at Vilnius International Airport. After the expansion of working area from 13.400 sq. m to 21.500 sq. m, FL Technics will be capable to provide services for up to 12 commercial aircraft simultaneously. This expansion will be supported by acquisition of equipment and extensive employee training.

In the remote destinations, FL Technics is going to further develop the network of line stations. The Company currently operates 9 line stations in remote locations from Italy to Turkey, with plans to expand this network to a total of 30 locations by 2013.

More about FL Technics: www.fltechnics.com